Eurozone inflation accelerated in February to 1.5%

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In February, eurozone inflation accelerated to 1.5% from 1.4% in the previous month, Eurostat reported. Inflation in February confirmed the forecasts of experts. The inflation rate, which does not take into account the price of energy, food and alcohol, was 1% versus 1.1% in the previous month. Prices for food, alcohol and tobacco products increased by 2.4% compared to February 2018. Energy prices rose by 3.5%. The cost of services rose by 1.3%. The slowdown in consumer price growth in annual terms will be taken into account at the upcoming meeting of the European Bank, when the question of the advisability of new monetary incentives to support economic growth in the eurozone will be considered.

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